You are given the following information concerning Parrothead Enterprises: Debt: 10, 900 7.4 percent coupon bonds outstanding, with 21 years to maturity and a quoted price of 108.75. These bonds pay interest semiannually. Common stock 320,000 shares of common stock selling for exist66.40 per share. The stock has a beta of 1.05 and will pay a dividend of exist4.60 next year. The dividend is expected to grow by 5.4 percent per year indefinitely. Preferred stock: 9, 900 shares of 4.7 percent preferred stock selling at exist95.90 per share. Market: An expected return of 10.1 percent, a risk-free rate of 5.2 percent, and a 40 percent tax rate. Calculate the WACC for Parrothead Enterprises. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC = _________ %